Afternoon all,
as it can be reasonably expected for AJX in the next several years to be a large free cash generator - we already have ideas from people saying that dividends are good whilst others say that paying dividends is a bad idea.
Of course - it completely depends on whether you have a low asset company or not and high or low margin.
That said - a lot of institutions believe in a broad brush - paying dividends is bad.
Well - here is that stupidity taken to extreme lengths -
http://gawker.com/companies-are-stashing-so-much-god-damn-cash-overseas-1777847561
My take on it is that some of those (possibly all of those) companies in the article should share out a lot of that spare cash to their shareholders - the owners of the companies.
To me - it is complete foolishness to store such large amounts of cash ------ absolute foolishness.
IMO - when you have so much cash all you can do is to squirrel it away hiding - it is well past time when you should be returning it to your investors.
Remember that mass of cash that BHP had years ago - well, now the value for shareholders has been devestated - whilst before this - shareholders could have reaped far more benefit from larger payouts which have now just been peed up against a wall.
Lets not do that with Alexium
have a great weekend all
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